You don't have to have your credit card to charge something on your credit account. The bank wants you to go into debt so they have made it easy for you spend money via a band or credit card cheque. Some places just don't have the means to take your credit card and if you don't have the money its real easy paying with a credit card cheque.

You might need a cash advance some day and the Credit Card Company has made it real easy for you to get that cash with out an ATM cash machine. They periodically send you some cheques in the mail in hopes that you use them as a means for cash or to get something you want fast. It just might be handy if you have a real emergency but overuse of this method and be costly and get you in some serious debt. You really need to try not using this method of a Bank Credit Card Cheque or even getting money from ATM's. One thing you have to worry about is the interest rate on cash advances is usually lots higher and most Banks ad withdrawal fees on top of the higher interest that they are charging you. Sure it s easy to get the cash but the cost it really high and not worth the Cash loan.

Read the fine print and you will discover that the interest rate might be 5 or even 10 percent higher for cash or cheques advances. Plus most of them will take away your interest free grace period and start charging you that high interest from day one of the cash or cheque advance. This is great for the Credit card company because they will get interest right from the start plus the will charge you a fee each time you get a cash withdrawal or use the cheque sometimes the fee is based on the amount of the cash withdrawal. If you already have a debt balance you will probably see two interest rates one for the cash advance and one for all the regular purchases. If might be hard to figure out what you are paying on the cash charge or the goods charge. I am sure if the bank has its way it will apply the money to the charge and not the cash interest. You know they are going to do whats best for the bank and all their share holders.

You have to reverse your thinking when it comes to using your credit card. Instead of spending you money on buying all the small things use you credit card instead and only use you credit card cheques to pay the big things and you will save tons of money of fees and extra charges. If you are in that situation where you have to use cash advances you need to use you credit card for the small things. You have to have a plan to try to avoid getting lots of cash advances because you will be paying for a long time

Just think about it there really are just a few bill that you must pay using cheques and there really is not that many reasons to use credit card cheques. Most places will accept you credit card as a payment over the phone if you are willing to spend the time on the phone. Now a days most companies have it setup where you can pay online with your credit card and avoid those cash advances. If you use your credit card cheque or get ATM advances it should be a real emergency not just a thing of convenience.

The final thing to remember is the Credit Card Companies are out make money and they set it up so they have all the advantages. When you pay your credit card monthly payment the money is going towards the small debit unit its paid off and the to the higher interest (the cash advances or credit card cheques) last. The best thing to do is pay off your credit card at the end of each month and try to avoid as much charges as you can. Most people cannot do this but the few that can will always have the money. Spend you money wisely and avoid Credit card cash advances and try not to use the cheques.